Snap-On: 4Q Earnings Snapshot

KENOSHA, Wis. (AP) _ Snap-On Inc. (SNA) on Thursday reported fourth-quarter profit of $175 million.

On a per-share basis, the Kenosha, Wisconsin-based company said it had net income of $3.09. Earnings, adjusted for non-recurring gains, were $3.03 per share.

The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of $3.03 per share.

The tool and diagnostic equipment maker posted revenue of $952.5 million in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $963.2 million.

For the year, the company reported profit of $679.9 million, or $11.87 per share. Revenue was reported as $3.74 billion.

Snap-On shares have increased 14 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 9 percent. The stock has declined roughly 1 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SNA at https://www.zacks.com/ap/SNA